Mayfield Graves LTRG Inc

Analysis

Mayfield Graves LTRG Inc is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mayfield Graves LTRG Inc reported income of $5.9m and spending of $3.7m, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.9m to $5.9m (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mayfield Graves LTRG Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Workforce Dev BD of the Tres Coast ($5.9m), Upper Manhattan Empowerment Zone Development Corporation ($6.0m) and Choicelight Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $343k. At year end it held assets of $4.9m against liabilities of $104k, net assets of $4.8m. It reported 13 employees.